Uranium Companies

There are very few pure uranium companies. Most companies, especially the small exploration type, are active in more than the uranium industry. This blog makes no attempt to guage the percentage of a companies activity that are related to the finding, mining or processing of uraniun. They all do, however, have some uranium activities (to the best of our review).

Merv's Uranium Indices

I have developed two Uranium Indices. They each have the same component stocks but are calculated using different methodologies. My weekly Index is based upon the average weekly performance of the component stocks. My daily Index is based upon the daily average of the component stocks open, high, low and close prices along with the daily average volume of all component stocks.

Click on the chart or table to enlage the view.

14 April 2010

Merv's Daily Commentary 14 Apr 2010

After The Close, 14 Apr 2010

Merv’s Daily Uranium Index
Market Data

Open: 175.50
High: 177.65
Low: 173.66
Close: 175.57
Volume: 3450

Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.

The Merv’s Daily Uranium Index closed higher by 0.05 points or 0.03%. Boy, at that rate we’ll never get anywhere. There were 20 winners, 22 losers and 8 doing nothing. Cameco lost 1.1%, Extract lost 1.1%, Paladin gained 0.8%, Uranium One lost 2.6% and USEC gained 0.6%. The best winner was Ucore Uranium with a gain of 20.0% while the loser of the day was Khan Resources again with a loss of 13.9%. Market Vectors Nuclear Energy ETF gained 0.5%.

With that stupendous advance nothing in the indicators has changed from yesterday so the intermediate term remains BULLISH while the short term remains – NEUTRAL in ratings.

As for the immediate direction of least resistance, I’ll stick with the lateral direction for another day.

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